Ripple CTO David Schwartz has issued a warning to XRP holders after XRP lawyer John Deaton made a suspicious post to X (formerly Twitter).
This happens after Attorney Deaton takes X and promotes Arch Public. This is a crypto company that claims to use algorithmic automation to level out investors’ arenas.
In the post, Deaton began working with the Arch Public Team and claimed that he set up an account on the major crypto exchange Gemini to run “XRP and Bitcoin Argos.”
He suggested that the initiative will help users “generate cash yields” when adding XRP to their accounts.
Strange post?
However, this post didn’t work with many of Deaton’s long-term followers. This comes from the fact that Deaton barely supports crypto-related projects through his X account.
His posts usually focus on cryptography, industry regulations and, more recently, US politics, where he was competing for becoming a Massachusetts senator in the last election. Deaton is a popular figure in the Crypto community, especially XRP, and Secv. Following his contributions in the Ripple lawsuit, he represents XRP holders.
Recent support for Arch Public, a project with less than 3,000 followers, has raised several eyebrows among XRP supporters.
Issuing Ripple CTO warnings
As a result, Ripple CTO David Schwartz has issued a warning to the broader XRP community about the post. Schwartz emphasized that the post is “incorrect in several ways.”
Therefore, he urged XRP enthusiasts to stay cautiously until there was evidence that Deaton’s account had not been hacked. In particular, the former US Senate candidate was the victim of the X-Hack in 2023.
Crypto Basic then reported that the malicious actor hacked the X account to promote a scam token named Law. However, the best lawyers contacted other XRP supporters and exposed the post.
Given the previously compromised Deaton’s X account and his recent support for Arch Public, many people like Schwartz suspected they had been hacked again.
Deaton reaffirms his intentions
Amid this concern, a statement was made clear from Deaton’s account to justify the previous post. He emphasized that one of the goals of life after escaping poverty is to democratize investment in ordinary people, whilst fighting traditional oppressive exclusive practices.
He argued that the vision attracted him to invest in digital assets like Bitcoin. Additionally, he suggested that his decision to represent XRP holders in the Ripple lawsuit has sparked controversy, with some Bitcoin Maxis calling him a “Ripple plant.”
The post also mentioned Deaton’s spending investment, prompting similar concerns. He also repeated support for Arch Public’s free algorithm, saying that it once offered small investors a tool that only hedge funds could use.
Additionally, Deaton has announced plans to address concerns related to the Arch Public Post via a live stream scheduled for 3pm EST today.
